Trinidad VAT cut to 12.5%

Trinidad and Tobago is planning to cut its standard VAT rate from 15% to 12.5% on 1 February 2016. To help fund the reduction, the VAT taxable base will be extended to include a range of over 7,000 basic products. In addition, the current VAT registration threshold will be raised. Details of the changes will be published in the forthcoming weeks.

The rate cut had been planned for 1 January 2016.

VP Global Indirect Tax

Richard Asquith

VP Global Indirect TaxRichard Asquith

Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.